Apax Partners acquires a majority stake in MatchesFashion

Apax Partners acquires a majority stake in MatchesFashion

Private equity firm Apax Partners has acquired a majority stake in MatchesFashion. The latter’s founders, Tom and Ruth Chapman, as well as existing venture capital backers: Scottish Equity Partners and Highland Europe, will retain minority stakes and control in the business.

The deal is said to be expected to close in the fourth quarter of 2017.